When Income Increases from $30,000 a Year to $40,000 a Year,the

question 89

Multiple Choice

When income increases from $30,000 a year to $40,000 a year,the quantity demanded of weekend vacations by Sara increases from 2 a year to 5 a year.For Sara,the income elasticity of demand of weekend vacations is ________ and weekend vacations are ________ good.

• A) 3; a normal
• B) 4.5 a normal
• C) 1/3; an inferior
• D) -4.5; an inferior
• E) 1/3; a normal

Understand the proper techniques and etiquettes for sending email requests for information or action.

Recognize and mitigate the limitations of email in expressing emotions and maintaining appropriate language and tone.

Analyze why email might be losing its appeal and the importance of alternative communication methods in business.

Understand the significance and challenges of location-based social networking and emoticons in business communication.

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Definitions:

Capital Budgeting

The process a business undertakes to evaluate potential major investments or expenditures to ensure profitability.

Ex-Dividend Date

The date on which a stock begins trading without the right to receive the next dividend payment, causing its price to adjust downwards.

Brokers

Intermediaries that facilitate buying and selling of securities, commodities, or other financial instruments on behalf of clients.

Sales

The exchange of goods or services for money, representing the primary source of revenue for most businesses.